CashNews.co Blockchain technology is gaining significant traction in India, particularly following the launch of the Central Bank Digital Currency, e-Rupee. Launched in 2022, the CBDC has sparked a surge of activity, making India the largest market to adopt CBDCs at scale, according to Naveen Mallela of JPMorgan. He further added that CBDCs will be the […]
CashNews.co Chinese investments in India should be allowed, barring those that carry security risks, said leading economist Arvind Panagariya, who is chairman of the 16th Finance Commission. This will also give India leverage against China, he told Deepshikha Sikarwar in an interview. In his latest book, India’s Trade Policy, a collection of writings on trade […]
CashNews.co To redeploy and leverage seasoned retired bankers and offer their expert advisory to small businesses, MSMEs, startups, with tailored advisory services To enable companies to raise debt up to Rs. 100 Cr at a flat success fee of Rs. 50 lacs, 75% success fee to go to retired bankers for every successful debt fund […]
CashNews.co As India’s housing market experiences unprecedented growth, potential homebuyers are navigating a landscape filled with both opportunities and challenges. The Happy Home Loan Podcast, a collaboration between CNBC-TV18 and Aditya Birla Housing Finance, aims to demystify this complex terrain. Hosted by Mridu Bhandari of CNBC-TV18, the podcast features Pankaj Gadgil, CEO & MD of […]
CashNews.co 2 min read Last Updated : Aug 29 2024 | 7:08 PM IS The Union Finance Ministry on Thursday said that there are no restrictions for persons of the queer community to open a joint bank account. The advisory comes in connection with the Supreme Court’s judgement on October 17, 2023, in […]
CashNews.co India’s largest lender, SBI, hopes that the stock market, which has been in a long bull run, corrects. SBI managing director Ashwini Tewari on Wednesday said a correction in the equity markets “over time” can help banks get back the deposits they have ceded. “As the market corrects over time, some of the money […]
CashNews.co VSL Finance has informed the stock exchanges that the company’s board of directors has decided to buy back 33 lakh shares worth ₹125 crore at ₹380 per share. In its release dated August 28, the company informed the exchanges that it has submitted a ‘Letter of Offer’ with regards to the buyback first proposed […]
CashNews.co Indian Railway Finance Corporation Share Price Today Live Updates : On the last trading day, Indian Railway Finance Corporation’s stock opened at ₹181.3 and closed slightly lower at ₹180.85. The stock reached a high of ₹182.95 and a low of ₹180.6. The company has a market capitalization of ₹236,409.27 crore. The 52-week high and […]
CashNews.co 3 min read Last Updated : Aug 29 2024 | 9:09 AM IS Alternative Investment Funds (AIFs) are gaining traction among Indian family offices as a preferred tool for accessing private markets and startups, showed a report by Sundaram Alternatives, which caters to the investment needs of high net-worth individuals (HNIs) with offerings […]
CashNews.co UBS initiated coverage on power financiers like REC Ltd. and Power Finance Corp. with a ‘buy’ rating, given India’s high growth in renewable power generation and infrastructure capital expenditure. The brokerage views Power Finance Corp. and REC as financiers of high-growth renewable power generation and infrastructure capex in India and not as traditional power […]